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829 Southern Hills Way Aubrey, TX 76227

5 Beds 4 Baths 4,060 sqft Built 2016

$574,900

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $141.60
  • 4 Days on Market
  • MLS # : 14535079
  • Updated Date : 03/18/2021 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,060 sqft
  • Baths : 4 full
Listing Agent

Re/max Four Corners

Listing Agent's Description

The Hartford floor plan by Grand Homes is so wildly popular it’s still offered in Savannah! This beautifully designed brick 2-story boasts gorgeous upgrades and additions throughout. Dedicated front office, media & game room, separate upstairs flex room & homework station. Rich hardwood floors, sophisticated color palettes, loads of natural light, gorgeous granite and marble backsplash are just a few of the luxurious finishing touches. Energy efficient upgrade package keeps utility costs low year-round. Savannah offers resort-like amenities: clubhouse w theater, ballroom, workout areas; pools, dog parks, trails, sports courts, parks and more. A standout home in a terrific location- come see it for yourself!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$517,410$632,390$574,900

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$1,997
Property Tax -$1,308
Property Insurance -$262
HOA -$71
Property Management Fees -$99
CASH FLOW
-$687

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$574,900

PROJECTED PRICE

$3,050

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,099

INVESTMENT

$158,099

Down Payment
$143,725
Rehab Estimate
$5,750
Closing Costs
$8,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,725
Loan Amount $431,175
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$84

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,050

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,278

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9503$3,0504$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 829 Southern Hills Way Aubrey, TX 3
    • 5 beds 4 baths ∙ 4,060 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,060 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.75
    •  
  • 118 Timber Creek Lane Frisco, TX 1
    • 5 beds 6 baths ∙ 3,900 Sqft ∙ Built 2018 5 beds 6 baths ∙ 3,900 Sqft ∙ Built 2018
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.76
    •  
  • 261 Driscoll Lane Frisco, TX 2
    • 4 beds 3 baths ∙ 3,797 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,797 Sqft ∙ Built 2017
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 812 Southern Hills Way Aubrey, TX 4
    • 5 beds 4 baths ∙ 4,010 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,010 Sqft ∙ Built 2017
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.85
    •  
  • 14016 Notting Hill Drive Little Elm, TX 5
    • 5 beds 4 baths ∙ 4,189 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,189 Sqft ∙ Built 2014
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Hannah Gigley
Re/max Four Corners
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535079
Last Updated: 03/18/2021
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